Common use of Repurchase of Restricted Stock Clause in Contracts

Repurchase of Restricted Stock. (a) On and after the occurrence of a Repurchase Event, the Corporation shall have the right to purchase from the Initial Stockholder and any member of the Group of the Initial Stockholder, and the Initial Stockholder and any member of the Group of the Initial Stockholder shall sell to the Corporation upon the exercise of such right, at a purchase price per share of $.005, up to the number of shares of Restricted Stock less the number of Vested Shares (as hereinafter defined). As used herein: